Singapore’s IMAS CEO Carmen Wee Joins UNCTAD Sustainable Investment Advisory Council

SINGAPORE (October 26, 2023) – UNCTAD’s 8th World Investment Forum 2023 (WIF) was held from 16 – 20 October in Abu Dhabi with the participation of more than 8,000, including heads of state, government ministers, sovereign wealth fund managers and heads of international organisations. The forum addressed the challenges faced by investors in today’s global climate of multiple crises while attempting to reach a consensus on climate, finance and investment priorities.

Singapore was represented at the event by Carmen Wee, CEO of the Investment Management Association of Singapore (IMAS) where she was invited to join the UNCTAD Sustainable Investment Advisory Council. The council aims to help the United Nations deliver its mandate on the SDGs).

With her appointment, she was featured as a panellist in two UNCTAD sessions where she spoke on sustainable finance regulations and sustainable finance emerging markets.

Carmen Wee commented: “I am honoured to showcase Singapore’s journey towards sustainability alongside esteemed global leaders. IMAS is privileged to have contributed to this progress through our active participation in diverse channels not only in Singapore but also across Asia. Joining the advisory council further reinforces our commitment in advancing the sustainability journey and drive towards a brighter sustainable future.”

To support Singapore’s ESG drive, IMAS has actively contributed at various national initiatives such as its representation on the Green Finance Industry Taskforce (GFIT) and Singapore Funds Industry Group (SFIG), in addition to its work on the steering committees of Stewardship Asia Centre’s Singapore Stewardship Principles (SSP) and the World Wide Fund for Nature (WWF)’s Asia Sustainable Finance Initiative (ASFI). Notably, IMAS also co-drafted the Environmental Risk Management guidelines with the Monetary Authority of Singapore (MAS), and published a handbook that offers guidance to asset managers on best practices in environmental risk management as well as a number of ESG e-learning courses on iLearn together with WWF and Singapore Green Finance Centre (SGFC).

Last week, IMAS signed a Memorandum of Understanding with the Asset Management Association of Shanghai (AMAOS) to strengthen cross-border cooperation.